Black technology: a super empire spanning two worlds

Chapter 19 [How can this be a board meeting? It's clearly a notice! ]

The next day, Wednesday, October 5th.

At 9:52 in the morning, major market software pushed the following message:
[The optical and optoelectronic sector strengthened, Prism Technology closed up for five days, with a cumulative increase of +148.78%. Spectrum Shares, Yongxin Optics, Qiangzhao Optoelectronics and other stocks followed suit. 】

The share price of Prism Technology rose to 10.25 yuan, with an increase of +20.02%, hitting the daily limit, and its market value climbed to 88.97 billion.

Today, the stock turned from weak to strong and hit the daily limit for five consecutive days. Prism Technology, which led the sector to take off, suddenly became more recognizable in the market and directly rushed to the top of today's individual stock popularity index.

Xiao Yu is also paying close attention to the stock price of his own company. He is calculating the time and follow-up plans in his mind. Now that the stock price has risen to 10.25 yuan, it is still too early to lift the restrictions of the terms of the gambling agreement.

According to the terms of the bet agreement, Prism Technology's market value must reach 265 billion, and the corresponding stock price must rise to 30.53 yuan, which means it will have to nearly double to achieve completion.

However, the current stock price trend is very strong, and it is about to become the popular leader in the A-share market this month.

If the stock price continues to strengthen, then don't take any action. Hold on to the cards in your hand and don't rush to play them. When the stock price starts to weaken and can't rise anymore, release unexpected positive news to continue to push the stock price up.

As long as the target market value is achieved and the constraints and restrictions of the gambling agreement are removed, the next plan is to directly crash the stock price in one go.

Xiao Yu would not give them any chance to cash out at a high price.

It doesn’t matter how much the stock price rises right now. Investors cannot withdraw even if they want to because the lock-up period for the stocks they hold has not yet expired.

Although there are refinancing operations, someone has to pay the bill. If they face a short squeeze, the brokerage firm will not help them pay the bill.

……

Two days later, Friday, May 5th.

Prism Technology opened sharply higher by +7.64%. In just 17 minutes after the opening, the stock price rose to 14.76 yuan, up +20.00%, marking the seventh consecutive day of gains.

But the stock price collapsed within 5 minutes after closing, and then began to plunge, with the intraday line falling like a waterfall. Prism Technology suffered a loss today, because it was rising despite the regulation and it was on Friday, and investors were afraid of the negative news on the weekend, so they dared not to invest.

However, as it is the most popular stock that attracts the most attention at the moment, it did not hit the limit down.

At the final closing, the decline was narrowed to -6.18%, with a closing price of 11.54 yuan and a market value of 100.16 billion yuan, just above the billion yuan market value threshold.

At the same time, Wen Suqing also came to Xiao Yu's villa residence this afternoon to discuss matters.

At this moment, Xiao Yu saw that Prism Technology stopped at the sixth board and immediately called his assistant.

"Chairman."

Yun Shu's voice came as soon as the call was connected. Xiao Yu instructed succinctly, "Make preparations and notify all the directors. I will convene a board meeting in an hour and a half."

Yun Shu replied, “Okay.”

After Xiao Yu hung up the phone, he turned to look at Wen Suqing, who had just arrived at his house and was sitting on the sofa in the living room: "Can you analyze how Zhou Baichuan and the others can predict our actual motives and intentions?"

Wen Suqing seemed to be thinking about something. After a while, she looked at Xiao Yu and said, "It depends on whether the stock price can achieve the target price of 30.53 yuan in one go. If it is blocked from achieving this price, it is very likely that Zhou Baichuan and his men are suppressing it. Although this cannot directly conclude that they have accurately understood our intentions, it can be confirmed that they do not want you to remove the constraints and shackles of the gambling agreement so easily."

"That makes sense..." Xiao Yu nodded after hearing her analysis: "I hope the market can be more powerful and push up the stock price in one go, which can save a lot of trouble and time."

Wen Suqing said: "It would be best if you can hold on in one go, but you still have to be mentally prepared. I guess your opponent won't let you complete the agreement so easily." Xiao Yu smiled and said: "Of course, I know that and I know it."

After continuing to discuss the details of the follow-up plan with Wen Suqing, the time was almost up, so he took some materials and went to the headquarters of Prism Technology Company.

……

More than an hour later, Xiao Yu arrived at the company.

Yun Shu walked quickly to his side and reported as he walked: "The meeting has been arranged, and the other six directors are already present."

Xiao Yu nodded without saying anything, handed her a copy of the materials he brought, and walked towards the meeting room.

The Prism Technology board of directors currently has a total of seven members. Xiao Yu, as the chairman, occupies one seat. He also nominated three other directors. Several major shareholders such as Penghui Capital took three seats.

But Xiao Yu has absolute say in the board of directors, because he has the right to nominate more than half of the directors. The board of directors has one vote per person and cannot have a veto. He has one vote, and the three directors he nominated each have one vote, for a total of four votes. The vote is 1 to 1.

In other words, if Xiao Yu wants to pass a resolution in the board of directors, it will be 100% successful, and if he objects, it will not be successful either.

The three directors he nominated will vote with him. Those three directors will not be stupid enough to go against Xiao Yu, because the directors' first priority is to be responsible to the shareholders rather than to the company first. Xiao Yu is the founder, actual controller and largest shareholder of the company, and he can replace disobedient directors at any time.

"Everyone is here." Xiao Yu went straight to the chairman's seat after entering the conference room. He sat down and looked around at the six directors present. His eyes stayed on the director representing Penghui Capital for a moment, then he looked around at everyone again and said concisely: "Today we will vote on one proposal."

At this time, Xiao Yu was very resolute and efficient. Although he had made some mistakes in the past few years, his growth was also visible to the naked eye.

"You all should know, or at least have heard, that I have set up a new company, Linghan New Materials." Xiao Yu said methodically: "The proposal is to have Prism Technology absorb 51% of Linghan New Materials' equity, plan an asset reorganization, and consolidate the performance after the reorganization."

All the directors present were surprised, especially the directors representing Penghui Capital and other investors, who looked at each other in bewilderment. Xiao Yu did not give them time to react and said directly, "Let's vote. Raise your hands if you agree."

After saying that, Xiao Yu leaned back against the chairman's chair. His expression at the moment showed no emotion. He only slowly raised his right hand.

Seeing this, the three directors nominated by Xiao Yu realized that the chairman had no intention of discussing this matter with them at all. Since the decision had been made, there was nothing to say, and they all raised their hands decisively in agreement.

The other three directors were a little confused. This was not a meeting or discussion at all, it was clearly a notification.

That’s right, Xiao Yu didn’t come here to discuss with them at all, he just came here to go through the process, that’s all.

The director representing Penghui Capital came back to his senses, looked at Xiao Yu and said, "Boss Xiao, isn't this a bit too hasty for such a big thing?"

Xiao Yu put his hand down, and the three directors thought he was going to take it back, but Xiao Yu said on the spot: "4 votes in favor, more than half of the votes have been cast, and the proposal has been passed."

The three directors were confused again. They were ignored by Xiao Yu. They were definitely unhappy, but Xiao Yu didn't care what they thought at all. Whether they voted in favor, against or abstained, it would not change the established fact that the proposal would be passed.

Xiao Yu tilted his head to glance at Yun Shu, the assistant who was in charge of the meeting, and ordered, "Sort out the results of this board meeting and announce it to the public at 8 pm."

Yun Shu nodded: "Okay, Chairman."

The process was completed at the speed of light. Xiao Yu was very frugal with his words and did not say any more. When the process was over, he stood up and left without saying a word.

……

(End of this chapter)